Personal Loans

For life's expected and unexpected expenses.

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Select the personal loan that's best for you.

1. Personal Loan

A simple loan solution to give you the cash you need with no collateral required to secure the loan, and a fixed monthly payment over a set period of time.

Features and benefits:

  • Instant loan decisions
  • No pre-payment penalties
  • No application fee
  • Borrow from $1,000 up to $10,000 based on credit worthiness
  • Requires no collateral to secure the loan
  • Flexible loan terms up to 60 months; funds disbursed at closing
  • Fixed monthly payments
  • Earn Cash Back for bringing your loan to us
Apply now for a Personal Loan

2. Personal Line of Credit (PLOC)

We’re one of the few financial institutions that still offer an unsecured line of credit. This variable rate loan offers flexibility and access to funds whenever you need them. No collateral is needed to secure the loan and you control the money–use it only when, and if, you need it.

Features and benefits:

  • Instant loan decisions
  • No pre-payment penalties
  • No application fee
  • Borrow up to $5,000 based on credit worthiness
  • Requires no collateral to secure the loan
  • Low minimum monthly payment of $30 or 3 percent of the loan balance–whichever is greater
  • PLOC can be used for overdraft protection for your DFCU checking accounts
  • Easy access to your funds by ATM, online, checks or in branch
  • Earn Cash Back for bringing your loan to us

NOTE: $25 Annual Fee

Apply now for a Personal Line of Credit

3. Share Loan

This unique loan option uses your savings as collateral. Using a dollar-for-dollar match of your DFCU Savings Account or Certificate balances to secure the loan, we offer a minimum of $2,000 up to a maximum of $50,000 for up to a 60 month term.

Apply now for a Share Loan

Printer FriendlyPersonal Loan

Fixed APR6 Variable APR Max Fixed Terms Minimum Amount Maximum Amount
As low as 15.24% N/A 60 Months $1,000 $10,000

Rates effective as of 3/23/2023

Printer FriendlyPersonal Lines of Credit

Variable APR5
18.25%

Rates effective as of 3/23/2023

Printer FriendlyShare Loan

Fixed APR7 Variable APR Max Fixed Terms Minimum Amount Maximum Amount
6.00% N/A 60 Months $2,000 $50,000

Rates effective as of 3/23/2023

5Variable Rates: The Annual Percentage Rate (APR) is determined by the sum of the Prime Rate as listed in the Money Rates table of the Wall Street Journal (index) plus a margin of at least 0.75% on Home Equity Lines of Credit and 10.50% on Personal Lines of Credit, and is subject to change the first day of each month. Any change in the APR will take the form of additional payments of the same amount. The maximum APR that can apply is 25.00% or the maximum permitted by law, whichever is less. Late Fee: if your payment is more than 15 days late you will be charged a $20 late fee. Home Equity Line of Credit Annual Fee: $50; Personal Line of Credit Annual Fee: $25. We do business in accordance with the Federal Fair Housing Laws and the Equal Credit Opportunity Act.

6Risk Based: The APR (Annual Percentage Rate) you receive is based on your credit worthiness and the term of your loan. Please ask us for the initial rate that you qualify for. Late Charges: if your payment is more than 15 days late you will be charged a $20 late fee. DFCU Financial reserves the right to change rates at any time prior to loan closing.

7Share Loans use a dollar-for-dollar match from your DFCU Savings Account or DFCU Certificate balances to secure the loan. Secured funds will be released upon loan pay off. APR = Annual Percentage Rate.


 
Equal Housing Opportunity
NCUA
 

NCUA Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.

 

Unauthorized attempts to upload information and/or change information on this website is strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and Title 18 U.S.C. Sec.1001 and 1030.

If you are using a screen reader or other auxiliary aid and are having problems using this website, please call 888-336-2700 for assistance. Also, all products, services and information available on this website are also available at any of
our physical branches, where we would be happy to assist you further. Click here to view our Accessibility Statement.

*APY = Annual Percentage Yield. Paid and compounded quarterly. Dividend rates are determined by the principal balance when your certificate is opened. Dividend payments will not affect the dividend rate during the term even if the minimum balance for the next tier is met. Rates subject to change without notice at any time. Penalties may apply for early withdrawals. DFCU Financial deposit products are insured by the NCUA.

DFCU Financial - Copyright © 2023 - Dearborn, Michigan - All rights reserved

While the DFCU Financial Board of Directors intends to pay Cash Back every year, and has done so since 2007, Cash Back is not guaranteed and will depend on our financial performance and other factors. Annual Cash Back payments are limited to an aggregate of $10,000 for each tax-reported owner. The IRS requires that Cash Back for an IRA be paid to the same IRA, and that it be open when Cash Back is deposited. Cash Back to Commercial / Business Banking members is subject to additional terms. Anyone who causes DFCU Financial a loss for any reason is not eligible for Cash Back.